MNI BRIEF: HK Plans New Risk Tools For Connect Programme

MNI BRIEF: RBA Will Hike If Needed - Gov Bullock

MNI BRIEF: BOJ To Watch Markets Vigilantly - Takata

MNI: PBOC Net Drains CNY87.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.0989 Thurs; +2.75% Y/Y

CHINA PBOC CONDUCTS CNY63.3 BLN VIA 7-DAY REVERSE REPOS THURS

MNI: GERMANY JUL FACTORY ORDERS +2.9% M/M

MNI: SWISS AUG UNEMPLOYMENT +3.4% M/M, +23.9% Y/Y

Australia Jul Trade Balance $6.0 Bln; Exports +0.7%

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Watching Support Around The 20-Day EMA

AUDUSD TECHS
  • RES 4: 0.6821 High Jul 27
  • RES 3: 0.6747 76.4% retracement of the Jul 13 - Oct 26 bear leg
  • RES 2: 0.6734 2.0% 10-dma envelope
  • RES 1: 0.6623/91 High Dec 5 / 4 and the bull trigger
  • PRICE: 0.6600 @ 17:00 GMT Dec 7
  • SUP 1: 0.6547/26 20-day EMA / Intraday low
  • SUP 2: 0.6490 50-day EMA
  • SUP 3: 0.6453 Low Nov 17
  • SUP 4: 0.6360 Low Nov 14

The uptrend in AUDUSD remains intact and the pullback from Monday’s high is considered corrective - for now. Support at the 20-day EMA, at 0.6547, has been pierced. A clear break of it would open 0.6490, the 50-day EMA. Last week’s rally reinforced the current trend direction. Price has traded through 0.6656, 61.8% of the Jul 13 - Oct 26 bear leg. The bull trigger has been defined at 0.6691, the Dec 4 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.